you re watching worldwide exchange, bringing you big news from around the globe. welcome. worldwide exchange exchange. it s hump day. yes, it is. although it s been a shorter week for me. doesn t quite work that day. i guess i m already over the hump. plenty coming up on today s program. indeed. let s take a look at where we ll be going around the world. won t attend imf meetings there as tensions between the two countries intensify. the u.s. government suing the nation s biggest mortgage lender. we ll take a look at how the global industry is faring. then it s off to paris. the stricken car maker is downgraded by moody s a day after demonstrators stage protests. we ll have details from the french capital. and we ll head to new york where there s an appetite for young, profits that is, up nearly a quarter from a year earlier. we ll take a look on a big day for earnings on wall street. and a big week that s coming up. joining us now onset, though, bob mckey. bo
protesters take to the streets. and alcoa kicks off what could be subdued u.s. earnings season. third quarter results of the s&p 500 are expected to drop overall snapping 11 quarters of gains. okay. good to have you back. good to be back. you were out, i was out, it was and i was a little worried about what you were up to, so i do admit, i had you followed. and my man, he sent me back this photograph. oh, no. that is you with the goggles, right? yes, that s me with the goggles. what s going on? that s my sister at the end there. so i was back at my alma mater in virginia for my college reunion. part of that was to dress up and pretend you played lacrosse. why are you the only one with goggles? that s actually a relatively new addition to the game. when i started playing, we didn t wear goggles. but you get hit in the head a lot. supposed to be a noncontact sport. but because it was supposed to be noncontact sport, you didn t wear protective gear. but
there s international problems. the bae/eads merger, largest shareholder opposes the deal saying it would be better left as a stand alone company. and angela merkel s first visit to athens since the eurozone crisis as finance ministers meet today in luxemburg. very good morning to you. a new week on worldwide exchange. and too late. if you haven t got your application in, it is too late. bank of england government job should have been in half an hour ago. so if you didn t make it, you re not going. jim o neill wasn t applying, scott mcdonald wasn t applying either. i didn t get mine in. so never mind. stick here. also coming up, we ll be heading to new delhi to hear how undoing regulatory requirements could boost investments. details from one of the author of the quarterly cfo survey. and also president chavez is fig celebrating a hard-fought victory. if you have any thoughts, comments, whatever you like, e-mail us worldwide@cnbc.com or tweet @cnbcwex or @rosswestgate
andrew, welcome back. good morning. it was decision 2012 in venezuela this weekend. hugo chavez has been reelected. he beat out by a 54-45 margin. in 2006, he won by 27 points. swreker to gives chavez a fresh endorsement of his socialist asian world bank saying brace for slower growth. lowest pace of growth since 2001. and that s predominantly due to the region s exposure to china. and finally, a u.s. congressional committee set to recommend blocking china s big telecom equipment maker from expanding in american markets. leaked report says that there are security risks. codo we trust the chinese? if you were looking there, i would find another vendor if you care about your indiatakellectu property and the national security of the united states of america. that report was something. the full report set to to be released at 10:00 a.m. eastern today. the move comes as they re considering a public offering. and joe has more headlines. the leaves are changing color. east
the headline gauge for business activity is falling to 46.3. that compares with 47.5 in august, the lowest reading since january 2010. the flash composite of course comes before the final one in about two weeks tile. it follows readings on germany that we re better than expect. flash composite, jobs index lowest since 2010, the flash composite pmi headline figure 45.9. that s its lowest since 2009. chris williamson, welcome to the set. what s the takeaway here from the eurozone september figures? well, another rather disappointing moment. as you said, slowest growth since june 2009 when you measure cross back manufacturing services. so this ends the worst quarter for three years really. so to suggest the eurozone as a whole contracted around 0.5%. much worse than we saw in the second quarter. is that 0.5% quarter on quarter annualized or not? just that quarter. so annualized more around 2%. so you re saying wat third quarter readings apply is the eurozone shrank at a